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It’s tough to remember a time before the iPhone, which ushered in the smartphone era and radically transformed our lives. A decade ago, on Jan. 9, 2007, Apple CEO Steve Jobs took the wraps off a touchscreen “iPod, phone, and internet communicator” at the Macworld Expo. Little did he (or we) know then just how successful the iPhone would become.

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Today, the iPhone is Apple’s biggest seller by far. The company has sold more than a billion iPhones in the last 10 years. A lot has changed in a decade. The iPhone now includes an insanely good dual-lens camera in the 7 Plus, a built-in streaming music service, and we can’t forget about the countless essential apps that weren’t possible on Jan. 9, 2007. Apple built native apps for the first-gen iPhone but didn’t allow developers to create their own. Now the App Store is a thriving industry unto itself with countless essential services.

“iPhone is an essential part of our customers’ lives, and today more than ever it is redefining the way we communicate, entertain, work and live,” Apple CEO Tim Cook said in a statement. “iPhone set the standard for mobile computing in its first decade and we are just getting started. The best is yet to come.”

Rumors about the 10th anniversary iPhone 8 have been swirling since before the iPhone 7 and 7 Plus were announced. Reports indicate that Apple is working on a curved OLED edge-to-edge glass display with the Home button embedded right into the screen, plus wireless charging.

You can’t help but laugh when rewatching the keynote announcement. Jobs was clearly delighted by the device and proud to show it off.

“It’s got a 3.5-inch screen,” Jobs said. “It’s really big.”

“It’s really thin,” he continued. “It’s thinner than any smartphone out there at 11.6mm.”

The iPhone now comes in 4.7- and 5.5-inch variations, both at 7.1mm.

Last year saw iPhone sales slip and Apple’s revenues shrink, which led some to speculate that the iPhone’s best days are behind it. Apple’s Phil Schiller, senior vice president of worldwide marketing, told Backchannel’s Steven Levy that the iPhone “is so great that it has many years of innovation ahead.”

Apple’s competitors are shifting their focus from phones to voice assistants, an area where Apple was ahead with Siri but now lags behind rivals like Amazon.

“Some of the greatest innovations on iPhone over the last ten years have been in display,” Schiller said. “Displays are not going to go away. We still like to take pictures and we need to look at them, and a disembodied voice is not going to show me what the picture is.”